At the Chicago Mercantile Exchange, live cattle futures closed lower ahead of Friday’s Cattle on Feed report and wide-spread direct cash business. Feeder cattle were mixed, but found support in the day’s lower move in corn and higher wholesale values. December live cattle closed $.20 lower at $117.17 and February live cattle closed $.10 lower at $121.37. November feeder cattle closed $1.07 higher at $154.42 and January feeder cattle closed $.35 higher at $149.42.
A moderate direct cash cattle trade has developed again today in parts on Nebraska.
Continue reading Demand uncertainties pressure hog futures at Brownfield Ag News.
